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Keyless
Seamless, zero-knowledge biometric authentication
Andrea Carmignani, Fabian Eberle, Co-Founder, Paul GalwasPoor authentication experiences across apps and platforms exacerbates the data security problem, as users are forced to remember dozens of passwords or rely on one-time passwords that fail to guarantee security. Insecure security architecture, coupled with sophisticated user experience has resulted in enormous data losses and staggering cases of fraud and identity theft.
To help enterprises make data privacy and security the rule, while giving users back control of their personal data, Keyless has built a privacy-first solution that eliminates the need for businesses to store sensitive personal data on centralised servers. Besides improving security standards, Keyless’ biometric-backed approach significantly lowers any user-experience friction during the authentication journey.
Keyless empowers organisations to provide a seamless authentication experience, while not forgoing privacy-preserving, powerful security. By combining secure multiparty computation and zero-knowledge cryptography, with the convenience of modern biometric authentication methods, Keyless is able to enhance existing IAM infrastructures with privacy-preserving biometric authentication capabilities. Moreover, Keyless’ authentication capabilities can be accessed from all devices with built-in cameras, and its software is interoperable with most systems, allowing enterprises to easily adopt a passwordless security paradigm.
The Keyless platform’s privacy-preserving architecture allows users to combine varying authentication factors - like biometrics and trusted devices - for flexible and user-friendly authentication.
By linking users’ devices to their identity and utilising various biometric modalities and user behavior modeling, Keyless provides multi-factor authentication (MFA) by design. This means that users won’t need to jump between hoops to access a platform or service that uses Keyless authentication software.
For financial institutions around the world, emerging stronger customer authentication regulations mandate that businesses verify customers using two-factor-authentication. Implementing two-factor authentication with hardware tokens, SMS or email, or software-based one-time passwords can mean sacrificing the authentication experience for users. Keyless solves this problem by allowing customers to authenticate themselves simply by glancing into the camera of their device, without having to remember or carry around anything—all while guaranteeing their privacy and increasing the security of the authentication process.
“Our goal is to unlock powerful security standards without compromising on privacy and user experience,” says Fabian Eberle, co-founder of Keyless. Moreover, Keyless allows users to be in control of their data from any device, irrespective of the vendor’s hardware and software platform.
Our goal is to unlock powerful security standards without compromising on privacy and user experience
For financial institutions around the world, emerging stronger customer authentication regulations mandate that businesses verify customers using two-factor-authentication. Implementing two-factor authentication with hardware tokens, SMS or email, or software-based one-time passwords can mean sacrificing the authentication experience for users. Keyless solves this problem by allowing customers to authenticate themselves simply by glancing into the camera of their device, without having to remember or carry around anything—all while guaranteeing their privacy and increasing the security of the authentication process.
What truly differentiates Keyless from its competitors is its unparalleled privacy-preserving security and seamless authentication experience that will help businesses streamline the customer journey for account registration and login.
“Our underlying cryptographic protocols allow for secure and efficient biometric authentication, while being automatically compliant with security and privacy regulations, like GDPR and PSD2. It’s our proven commitment to security, compliance and usability that makes us stand out from our competitors,” says Paolo Gasti, co-founder and CTO of Keyless.
Sailing into the new year, Keyless is launching their privacy-preserving biometric authentication solutions. These include an API/ SDK for privacy-preserving biometric authentication extending existing IAM infrastructures for workforce authentication use cases, and an SDK for strong consumer authentication with built-in privacy-enhancing multi-factor security.
Company
Keyless
Management
Andrea Carmignani, Fabian Eberle, Co-Founder, Paul Galwas
Description
Keyless is a deeptech, cybersecurity company founded by experienced entrepreneurs and leading security experts, building the world's first privacy-preserving biometric authentication and personal identity management platform that eliminates the need for businesses to centrally store and manage biometric data, passwords, and any other sensitive information without compromising on convenience or privacy. The Keyless platform’s privacy-preserving architecture allows users to combine varying authentication factors - like biometrics and trusted devices - for flexible and user-friendly authentication. By linking users’ devices to their identity and utilising various biometric modalities and user behavior modeling, Keyless provides multi-factor authentication (MFA) by design. This means that users won’t need to jump between hoops to access a platform or service that uses Keyless authentication software
Keyless News
Keyless Wins "Authentication Innovation Award" in 2023 Artificial Intelligence Breakthrough Awards Program
Keyless Raises Additional $6M in Funding
Keyless, a London, UK-based company which specializes in privacy-preserving biometric authentication, raised additional $6M in funding.
The round, which brought the total amount to $26M, was led by Rialto Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Andrea Carmignani, Keyless unifies the entire end-to-end identity lifecycle with privacy-preserving biometric authentication, helping to continuously assure the genuine identity of the user from the initial onboarding and account creation, through to step-up actions, transaction signing (including PSD2 SCA compliance), and account recovery. Its patented technology fortifies protection against account takeover attacks and identity theft and ensures compliance with global data protection and privacy regulations, such as the GDPR.
Commenting on the news, Andrea Carmignani said: “Organizations across many sectors are intensifying their fraud defenses, spotlighting the inadequacy of current authentication methods in effectively establishing user identity, particularly during account recovery.“
This latest round is also the startup’s first as a newly independent company. In a strategic move, Keyless mutually agreed to separate from parent company Sift earlier this year. The separation came after the two companies found that their respective products were best suited to servicing differing markets.
The round, which brought the total amount to $26M, was led by Rialto Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Andrea Carmignani, Keyless unifies the entire end-to-end identity lifecycle with privacy-preserving biometric authentication, helping to continuously assure the genuine identity of the user from the initial onboarding and account creation, through to step-up actions, transaction signing (including PSD2 SCA compliance), and account recovery. Its patented technology fortifies protection against account takeover attacks and identity theft and ensures compliance with global data protection and privacy regulations, such as the GDPR.
Commenting on the news, Andrea Carmignani said: “Organizations across many sectors are intensifying their fraud defenses, spotlighting the inadequacy of current authentication methods in effectively establishing user identity, particularly during account recovery.“
This latest round is also the startup’s first as a newly independent company. In a strategic move, Keyless mutually agreed to separate from parent company Sift earlier this year. The separation came after the two companies found that their respective products were best suited to servicing differing markets.
LONDON - Keyless Technologies, announced that it has been selected as the winner of the "Authentication Innovation Award" in the sixth annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies, and products in the global Artificial Intelligence (AI) market today.
Keyless has gained recognition for its creation of Zero-Knowledge BiometricsTM, an innovative method of biometric authentication that places a strong emphasis on user privacy. This approach involves transforming a user's biometric data in such a way that it becomes impossible to trace it back to the individual, setting Keyless apart as the sole provider of a biometrics solution that does not store any biometric data.
Thanks to this groundbreaking innovation, organizations utilizing Keyless' technology can securely verify the identities of their customers and employees using a simple selfie, all while ensuring compliance with evolving data protection and privacy laws.
"With account takeover fraud constantly on the rise, organizations are experiencing unprecedented levels of attacks aimed squarely at authentication credentials, which is the driver behind the adoption of biometric authentication. However, organizations must be increasingly vigilant of how they process and store biometric data. Our technology enables users to send and retrieve their biometric data without revealing the contents of this data to anyone else, including Keyless. " said Andrea Carmignani, CEO and co-founder of Keyless.
"This award from AI Breakthrough is validation of our work towards delivering innovative technologies that can actively deter fraud and help organizations strengthen their security and compliance while still providing a seamless, modern user experience."